Corporate Reputation of Pharma in 2023/2024: The Patient Perspective and Views of 2,500+ Patient Groups - Pharma Corporate Reputation Falls from COVID Highs

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Dublin, June 26, 2024 (GLOBE NEWSWIRE) -- The "The Corporate Reputation of Pharma in 2023/2024: The Patient Perspective (Global Edition) - The Views of 2,500+ Patient Groups Worldwide" report has been added to ResearchAndMarkets.com's offering.

Between November 2023 and late-February 2024, the survey collected the opinions of a record number of patient groups (2,518) from 106 countries, on the performance of the pharmaceutical industry during 2023 and early 2024.

Continue reading, for details about:

• The headline global industry-wide results of the 2023 survey.

• The performance of the individual pharma companies included in the 2023 analysis.

Summary of Results

Industry Wide: Pharma corporate reputation falls from COVID highs

Since 2011, when the analyst first launched its annual survey, pharmaceutical companies have significantly increased their efforts with patient groups worldwide, and in new therapy areas. Relations between pharma and patient groups have also matured, as patient groups seek not just funding, but more mutually-beneficial partnerships.

During, and immediately after, the COVID-19 pandemic, pharma saw a significant increase in its approval ratings among patients, patient groups, and the public at large. However, the results of the 2023 survey contain early indications that pharma's elevated reputational status may not be sustainable. While respondent patient groups from some countries reported increases in the industry's corporate reputation in 2023, respondent patient groups from Australia, a number of European and Latin-American countries, as well as patient groups from the USA, judged pharma's corporate reputation to have declined in 2023.

Thousands of patient-group commentaries were received by the 2023 survey. A number made clear that a number of pharma companies (typically the smaller ones) have reduced their funding of patient groups post COVID, perhaps in response to economic challenges felt in their countries.

The majority of the respondent patient groups continue to make long-standing requests that:

• drugs are priced more equitably;

• patients around the world are given better access to medicines;

• and (despite considerable focus by pharma) patients gain greater involvement in R&D.

Over half of the 2,518 respondent patient groups believe that pharma is only "Fair" or "Poor" at these activities.

Percentage of the respondent patient groups stating that pharma is only "Fair" or "Poor" at:

• Equitable pricing policies 56%

• Engaging patients in R&D 56%

• Access to medicines 54%

Percentage of patient groups in different countries stating that pharma has an "Excellent" or "Good" corporate reputation, 2023 v. 2022

(Countries from which the analyst received 15 or more patient-group responses per year)

• Netherlands: 20% (2022), 42% (2023), +22% (Difference)

• Denmark: 29% (2022), 41% (2023), +12% (Difference)

• Taiwan: 71% (2022), 83% (2023), +12% (Difference)

• Sweden: 34% (2022), 46% (2023), +12% (Difference)

• UK: 44% (2022), 55% (2023), +11% (Difference)

• Colombia: 50% (2022), 58% (2023), +8% (Difference)

• Canada: 65% (2022), 72% (2023), +7% (Difference)

• Brazil: 74% (2022), 80% (2023), +6% (Difference)

• Japan: 62% (2022), 67% (2023), +5% (Difference)

• Switzerland: 65% (2022), 69% (2023), +4% (Difference)

• Belgium: 45% (2022), 48% (2023), +3% (Difference)

• Greece: 83% (2022), 85% (2023), +2% (Difference)

• Austria: 67% (2022), 68% (2023), +1% (Difference)

• France: 43% (2022), 42% (2023), -1% (Difference)

• China: 80% (2022), 77% (2023), -3% (Difference)

• Korea: 71% (2022), 67% (2023), -4% (Difference)

• Mexico: 66% (2022), 58% (2023), -8% (Difference)

• USA: 65% (2022), 57% (2023), -8% (Difference)

• Spain: 59% (2022), 49% (2023), -10% (Difference)

• Argentina: 64% (2022), 52% (2023), -12% (Difference)

• Australia: 65% (2022), 52% (2023), -13% (Difference)

• Germany: 58% (2022), 44% (2023), -14% (Difference)

• Turkey: 62% (2022), 48% (2023), -14% (Difference)

• Poland: 76% (2022), 58% (2023), -18% (Difference)

• Italy: 75% (2022), 56% (2023), -19% (Difference)

• Portugal: 75% (2022), 56% (2023), -19% (Difference)

• Norway: 35% (2022), 15% (2023), -20% (Difference)

• Ireland: 73% (2022), 45% (2023), -28% (Difference)

• Finland: 68% (2022), 39% (2023), -29% (Difference)

Individual Company Findings, 2023 - and the Fastest Risers in the Rankings, 2023 vs. 2022

The top-three rankings in 2023 - out of all 41 companies

As assessed by respondent patient groups familiar with the company:

• ViiV Healthcare, 1st

• Gilead Sciences, 2nd

• Roche, 3rd

As assessed by respondent patient groups working with the company:

• ViiV Healthcare, 1st

• Gilead Sciences, 2nd

• Roche, 3rd

The top-three rankings in 2023 - out of 15 'big-pharma' companies

As assessed by respondent patient groups familiar with the company:

• Gilead Sciences, 1st

• Roche, 2nd

• Pfizer, 3rd

As assessed by respondent patient groups working with the company:

• Gilead Sciences, 1st

• Roche, 2nd

• AstraZeneca, 3rd

Key Insights

• The companies rising the most in the upper rankings (out of all 41 companies), 2023 v. 2022, as assessed by respondent patient groups familiar with the company.

• The companies rising the most in the upper rankings (out of all 41 companies), 2023 v. 2022, as assessed by respondent patient groups working with the company.

Patient groups raised their concerns and priorities for improvement across a range of issues. Examples are below:

"There are drug shortages in various anti-seizure medications. The pharma companies could play a role in better communicating the reasons, timelines to resolve, and actions being taken to resolve the shortages. Otherwise, people are left in the dark."
- National patient group specialising in neurological conditions, Canada

"It is difficult to give an opinion that applies to everyone as a whole. It is good in companies which deploy and devote solid and concrete means for this to build a long-term relationship. It can be pitiful, and punctual, purely practical, for those which employ people who are often unqualified in the perspective of submission of a file to the health authorities."
- National patient group specialising in cancer, France

"Overall, most companies will publicly claim their strategies are patient focused, but that's just what's written into documents, and does not translate into meaningful actions across different areas of the company. They will say they engage patients in R&D, when, in actual fact, this might be a 3-hours 'advisory board' in phase-3 trial, etc."
- International patient group specialising in cardiovascular conditions, the Netherlands

"The general public has lower trust with pharma and medical professionals since COVID.
- National cancer patient group, USA

Companies included in the 2023 'Corporate Reputation' survey

The 41 companies featured in the 2023 'Corporate Reputation of Pharma' survey are selected on the criteria of size of revenue, or, by request from companies or patient groups. They include:

• AbbVie

• Amgen (including Horizon Therapeutics)

• Astellas Pharma

• AstraZeneca

• Bayer

• Biogen

• Biomarin Boehringer Ingelheim

• Bristol Myers Squibb

• Chiesi Farmaceutici (including Amyrt Pharma)

• CSL Behring Daiichi Sankyo

• Eisai

• Eli Lilly

• Ferring

• Gilead Sciences

• Grifols

• Grunenthal

• GSK

• Ipsen

• Janssen (now known as Johnson & Johnson Innovative Medicine)

• LEO Pharma

• Lundbeck

• Menarini

• Merck & Co / MSD Merck KGaA / EMD Serono

• Novartis

• Novo Nordisk

• Octapharma

• Otsuka

• Pfizer

• Pierre Fabre

• PTC Therapeutics

• Roche / Genentech / Chugai

• Sanofi

• Sarepta Therapeutics

• Servier

• Takeda

• UCB

• Vertex

• ViiV Healthcare

Companies are assessed by issues of importance to patient groups.

For more information about this report visit https://www.researchandmarkets.com/r/g78tzt

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